From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point
Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.
The country is particularly exposed to energy market mayhem and has urgently trimmed its fuel demands, as three emergency Saudi oil shipments help keep the lights on at home.
Riyadh and Cairo are trying to ease the acute oil shortfall through alternative pipelines, but these are just band-aid solutions, as the world's most vital energy corridor remains closed by Iran
A US-Israeli attack on Iran has turned into a regional war, sending Brent crude prices over $100 a barrel, and throwing shipping, inflation, and monetary policy into turmoil
The north African nation wonders if it might step in, as war in the Middle East halts shipments of liquefied natural gas and leaves importing nations looking for alternatives.
Rising oil prices will boost the Kremlin's coffers as costs over Ukraine mount, but a total defeat of Iran could lead to the deployment of radar stations in the north, near Russia's border
From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point
Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.